Jordan: Fragile but resilient

August 02 2013

Since 2010, Jordan's GDP growth has under-performed, the downturn reflects both domestic and regional/global causes. Monetary policy is geared to the maintenance of the kingdom's pegged exchange rate. External competitiveness remains comfortable, although the nominal value of exports in 2013 is unlikely to show any growth. External debt levels require careful management, although foreign exchange reserves cover over four months of imports.